BlueCrest Capital Management Ltd Makes New $2.11 Million Investment in Bilibili Inc. Sponsored ADR $BILI

Key Points

• BlueCrest Capital Management opened a new position in Bilibili in Q3, purchasing 75,000 shares valued at about $2.11 million according to its latest 13F filing.
• Other institutional activity included Bank of America increasing its stake by 41.3% to 492,122 shares, and total institutional ownership of Bilibili is roughly 16.08%.
• Analysts hold a consensus rating of "Moderate Buy" with an average price target of $29.61, compared with a recent share price near $25.20 and a market cap of about $10.5 billion.

BlueCrest Capital Management Ltd purchased a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the company's stock, valued at approximately $2,107,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Bilibili by 41.3% in the third quarter. Bank of America Corp DE now owns 492,122 shares of the company's stock valued at $13,824,000 after acquiring an additional 143,853 shares in the last quarter. Creative Planning grew its holdings in Bilibili by 8.7% during the 3rd quarter. Creative Planning now owns 19,074 shares of the company's stock worth $536,000 after acquiring an additional 1,527 shares in the last quarter. Lazard Asset Management LLC increased its position in Bilibili by 6.0% during the 3rd quarter. Lazard Asset Management LLC now owns 24,502 shares of the company's stock valued at $688,000 after purchasing an additional 1,387 shares during the period. Virtu Financial LLC purchased a new position in Bilibili during the 3rd quarter valued at about $343,000. Finally, Vident Advisory LLC bought a new stake in shares of Bilibili in the 3rd quarter valued at about $613,000. 16.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on BILI. JPMorgan Chase & Co. increased their price objective on shares of Bilibili from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, November 18th. Wall Street Zen downgraded shares of Bilibili from a "buy" rating to a "hold" rating in a research note on Monday, March 9th. Bank of America dropped their target price on Bilibili from $32.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Bilibili in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Bilibili has a consensus rating of "Moderate Buy" and an average price target of $29.61.

Bilibili Price Performance

NASDAQ BILI opened at $25.20 on Friday. The firm's fifty day simple moving average is $30.14 and its two-hundred day simple moving average is $27.68. The firm has a market capitalization of $10.53 billion, a P/E ratio of 66.32 and a beta of 0.75. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. Bilibili Inc. Sponsored ADR has a 12-month low of $14.47 and a 12-month high of $36.40.

Bilibili Profile

Bilibili NASDAQ: BILI is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.

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